This property looks like a bad Long-Term investment with a projected -28.47% first-year return on $242k initial cash invested.
-28.47%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$1,829
Rent
-$5,730
Cashflow
Cash Flow
$1,829 income − $7,559 expenses = $5,730 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$7,559
Mortgage P&I
345%
$6,315
Property Taxes
20%
$367
Home Insurance
22%
$402
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0